BSE market cap reaches historic P50bn mark
Friday, August 14, 2015
Compared to the end of the previous quarter of P45.3 billion, market capitalisation edged up by 11 percent to P50.5 billion this quarter.
According to a quarterly report from Motswedi Securities, during the second quarter, 241 million shares worth P944.8 million exchanged hands.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...